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, the bill to save the economy went down to defeat in the house of representatives. >> the legislation has failed. >> i'm very disappointed in today's vote. >> so to the democrats skprerep who vetoed this bill yesterday, i say step up to the plate. >> this is what brought us to the brink of collapse. >> wow. all because annie went and got a house he couldn't afford? >> i don't know whose fault that was. >> $1.2 trillion in market value wiped out in one day. congress quickly reconvened, and four days later, on october 3rd, it passed the $700 billion troubled asset relief program. >> congress has agreed to a broad deal that authorizes the presidential secretary to free up the criticisms. that may be the last time the president witnessed something that really mattered to washington. four years later, and on the eve of another election, he's being asked, are you better off off than they were. but how much money could you have? if washington had put aside its pride, they could work with some people. >> these two have had your back. sheila baer's job was to deal with banks. neil's job was to be
the economy went down to defeat in the house of representatives. >> the legislation has failed -- >> i'm very disappointed in today's vote. >> to the democrats and republicans who oppose this plan yesterday, i say, step up to the plate. >> investors panicked, the dow dropped 777 points. the biggest single day point loss to date. >> this is what brought us to the brink of collapse. >> wow. all because annie went and got a house that he could not afford? >> $1.2 trillion in market value wiped out in one day. it's really psychological at this point. >> congress quickly reconvened and four days later on october 3rd, it passed the $700 billion troubled asset relief program. >> congress has agreed to a broad deal that authorizes the treasury secretary to start releasing money to free up the credit systems. that may have been the last time persons witnessed bipartisan compromise on something that really mattered in washington. four years later and on the eve of another election, voters are being asked, are you better off than you were then? the answer is yes because it was that bad. but how much bet
's all about the economy. yesterday he made an interesting pitch to the crowd saying, i need you to go out and tuque to obama. vote for me this time. so they're really trying to target tho voters. as i heard you say earlier,n thpresland in crowd, the romney spinners are pushing back on the polls. they insist they're within the margin of error but they offer no proof of that. he's hoping for big crowdser more enthusiasm and hoping to open the gap here because as you owiny nohio. >> ron allen following the campaign for us. ron, thank you. let's look at the map itself when it comes to ohio. there are less than a thousand hours until election day. is that sinking in? bodisti the campaign trail. if ohio is really leaning toward the president, what does that mean for mitt romney and his potential path to victory? let's go to the latest nbc news battleground map and show you where thisd. last week we moved from toss-up to lean ohio. the president's lead, it went from 24 2770. what does this mean if you give him ohio? well, watch. so you give the president of ohio, he gets up to 261. he use no
taxes will help grow the economy? >> no. >> ryan's expression back there when he looks over at portman, kind of intriguing. it would be curious what a thought bubble would be going on over there. but it's a little bit of a change for romney. he had often been accusing the president of raising taxes or citing increases, i thinking about the health care law, et cetera. a romney adviser put out a memo yesterday explaining how capital gains are taxed. as they say, if you're explaining how capital gains are taxed, not just calling for different ways of lowering them, if you're simile having to explain it, you're losing. romney has also tried to make china a boogeyman and he did it again in ohio yesterday. >> that when people cheat, that kills jobs. china has cheated. i will not allow that to continue. [ cheers and applause ] >> this is one issue where romney has tried to go on the offense with china since he got on the campaign and frafrmgly the obama campaign has been on the defensive about it which is why when obama is in ohio today he's going to make the amount about ohio. he filed trade
while consumer prices slipped further in august raising fears the world's third biggest economy could yet fall into recession by year end. >>> what a big day. >> super friday. >> we have the french budget proposal, the results of the spain audit/stress test, we've got, what else -- it's the end of the quarter. britain is announcing it libor reforms. >> that's not what i was talking about. it's the ryder cup, folks. forget all that stuff. >> by the way, i had to google the ryder cup. >> far more important event. >> we'll talk about that later in the program. >> i don't know who insisted on that, but apparently we are going to cover it. >> before we get to that, the government of hollande is about to present it first budget. its expected to whicheverdelives of tax hikes. meantime european policymakers are appraising spain's reform plan. but today the government must brace for the results of the banking stress tests that will determine the recapitalization needs of the country's most troubled lenders. we have steve sedgwick following the story in thmadrid, but firs out to stefane i
's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on dividends? >> dividends, capital gains, dividends, profits, reinvestment of capital, interest you name it. bill: here is a query for you. are they cutting spending at all? >> by about $10 billion euros. $20 billion worth of tax increases. $10 billion worth of spending cuts gives you a 30 billion euro reduction they think in the budget deficit. bill: well on the spending cuts, how much resistance was there? >> there is going to be a lot of resistance. in france there is really a cradle to grave security system and the state is at the very center of the economy. when the state starts cutting into to spending, cutting down on spending, there will be some resistance and it will be seen on the streets. bill: do you expect the wealth
of the day was not only that he can fix the economy, it's that he can feel it. >> there are so many in our country that are hurting right now. i want to help them. i know what it takes to get an economy going again and creating jobs. >> reporter: the straight from the heart appeal is echoed in a new ad that shows romney looking directly into the camera. >> president obama and i both care about poor and middle class families. the difference is my policies will make things better for them. >> reporter: translation, pay no attention to the man in that hidden camera video. >> the 47% who are with him, who are dependent on government very much -- >> reporter: but for romney when it rains it pours. his two-day under steady showers has a feel of a race against time. a new poll quinnipiac finds romney trailing the president by ten points in ohio, nine points in florida and 12 in pennsylvania. an abc "the washington post" poll may explain why. 54% said they had an unfavorable view of romney's comments on voters who don't pay taxes. romney told cnn he's not worried about the numbers. >> we're taking
. the governor earlier today focused on the economy. >> do we really want four more years with 23 million americans struggling to find a good job? >> no! >> i mean, do we want four more years where half the kids coming out of college can't find work or college-level work? >> no! >> do we want four more years where every single year the take home pay goes down? >> no! >> do we want four more years of trillion dollar deficits? >> no! >> yeah, i don't believe we can afford four more years like the last four years. the people of ohio are going to say loud and clear on november 6th we can't afford four more years, we must do better. [cheers and applause] megyn: well, one of the political writers focused on the romney change today is chris stirewalt, fox news digital politics editor. chris, there is a shift in the romney approach. describe exactly what we're seeing. >> well, what you're seeing is a campaign that had previously been trying to have a campaign that was structured around the idea that barack obama was a nice guy, a good fellow, a good dad and an all-around swell american but that m
trying to explain why he is pumping even more money into the economy. connell: the supreme court back to work today. whether your cell phone data is protected under the fourth amendment. judge andrew napolitano coming up. dagen: costing apple billionths. connell: let's start with nicole petallides. nicole: looking pretty good here today. we see the dow is up more than 1%. the s&p up nearly 1%. the text -- tech heavy nasdaq up. this was after three months of contraction. that was some good news there. another thing helping things along -- the dollar is lower, the euro is higher. you are seeing just about every name in the dow with an up arrow. i want you to take a book here at macy's. they will higher 80,000 for the seasonal. kohls, amazon, toys "r" us, just to name a few. dagen: host chris wallace had a little trouble getting information from vice presidential candidate paul ryan on his tax plan. >> it is lower by 2013. >> how much does it cost? >> it is revenue neutral. [ talking over each other ] >> we will get to that. >> let me just tell you. it would take me too long to go throug
congressional district. >> to texas politicians, each touted as the future of their parties, debated the economy, immigration, and other issues at the "texas tribune" festival in austin. julian castro is the mayor of saying antonio and was the keynote speaker at the republican convention. tedthis is one hour. >> i think you know the drill today. i hope you will enjoy as many of those as you can. if you have phones and you're agram,ing to tweet or instr we ask you to turn off your phones. please give our sponsors a hand. [applause] we will visit for about 40 minutes. when we get started, there are phones on either i'll. we ask that of that the microphone at the appropriate -- we ask that you line up at the microphone at the program time than july 31, 2012 began with the announcement that julian caster would be the keynote speaker at the democratic national convention. the footsteps of several. before mayor castro had uttered the words menudo " gulf, speculation began. -- menudo cookoff, speculation began. july 31 was a port from which the future of texas and possibly the nation was visible. mayor
this is all an anomaly if you're bullish. and the economy has a little rough patch before it accelerates again. what happens if this is the rough patch that causes companies to slam on the brakes, ahead of what is no longer a fiscal cliff but a fiscal retaining wall. when you consider that the republicans are run by the tea party and democrats don't have to change, we have gone from thinking we can jump the fiscal cliff to thinking how can we slow business spending so that the collision won't destroy us? it's not just the u.s. that's a drag. china, there's a big hate on china right now. china is big hat. no. big mao cap no cattle. the worst downturn in two months is more representative of what's happening because there is no unity between the rich and poor nations. don't they show that there's no real hope for fiscal reform in that wounded country? today's action, i heard all day it's phony. me and many portfolio managers buy stocks and move them higher to the end of the quarter to get a little gain there. the conclusion, if this were monday coming up, a new month, a new quarter, you would see
the economy's getting better. i trustresident obama now to lehe ecy. i m who's up against huge unemployment numbers. you can rattle through all the economic data that should not be good for president obama. and yet in three or four states that matter, the tide is switching on those questions. >> don't you think florida is shocking? of those three, i tught florida nine points is the most ki >>nnepoll, florida four points in "the washington post" poll. i've said it for months, any repuican candidate that's losing the state of flori has serious problems. >> willie's right, the economic numbers are huge. the othething that relates is e geer g. inseesuiipia polls. the gender gap is gigantic. why did the romney campaign have as their surrogates bay buchanan and liz cheney and kelly ayotte? because they have a huge gender problem, and they're not addressingt with these daily attacks on the president's so-called es >> ry o"leno" last night. i didn't see the whole thing, but the clips i saw, i don't know. i know that's tough to say, but the relatability issue is constant. >> you know, and there's a
of the economy in all three states. 51% of polled voters say the president would do the better job. >> okay, let's go back to the last slide, guys. and mark halperin, let's talk to you. i know you agree with me that the media is liberal. guess what? republicans have somehow managed to win despite that media liberal bias. you've said it repeatedly on this show. so despite that fact, mitt romney is not getting crushed in all three of these states because of the liberal media bias. what's happening there, and why is he losing so badly, especially in ohio? >> well, it's very unlikely the president will win those states by those margins, but these numbers are not out of line dramatically with private polling and some other public polling. i think the biggest problem right now remains him. he's not driving a consistent message. the president does -- says something, the republicans get all excited about it. they treat it like a gaffe. they'll talk about it for a day. and then they'll move on to something else. the biggest danger to me right now for the republican party are two things. one is that you l
it takes to get this economy going. >> shepard: president obama and governor romney each back in the buckeye state with just days to go until the first votes are cast. and ♪ ♪ moon river ♪ wider than a mile. >> shepard: tonight, saying good by to the legendary crooner andy williams. first from fox this wednesday night the president of iran is back in the country he says the united states is in cahoots with the devil and israelis are uncivillized. now the world is reacting to mahmoud ahmadinejad's latest anti-west rhetoric today at the united nations. the president of ahmadinejad took the podium at the u.n. general assembly and while his speech was not as fiery as some of those in the past, he still did say his vision of the world's future does not include the united states or israel. listen. >> the koran -- situation of the world better incident of history humanely iran's management of the world and the self-proclaim sensors of power who have entrusted themselves to the devil. >> shepard: just yesterday the iranian president called israel a fake regime that needs to be e
the economy of iran. he said they've not stopped in deterring the nuclear program that that country is pursuing. he spent much of the speech setting the stage, talking about iranian aggression saying this is what we've seen in iran where they've turned on their own people without a nuclear weapon. what can the world expect if iran is able to obtain a nuclear weapon? an interesting note. he said in his remarks the middle east, europe and america would not be safe. >> yes. this presupposes that iran is not a rational actor or is sometimes described as death call. it's not clear. we've gone through this. i don't know if you were in the late 1990s and early 2000s we went through the same rhetoric with north korea. it it was unthinkable. the world would go through no effort and they couldn't trust them with a bomb, south korea could be destroyed although the touch the button. president clinton said north korea will never use that bomb, because if they do, it will be the end of north korea. netanyahu is clear about the repur repercussions would be for iran if it continues to pursue enrich
in this effort. it's had an effect. oil exports have been curbed, and the iranian economy has been hit hard. it's had an effect on the eco ecy, wust face the truth. sanctions have not stopped iran's nuclear program either. according to the international atomic energy agency, during the st year alone iran has doubled the mber oftresn its underground nuclear facility. at this late hour there's only one way to peacefully prevent iran from getting atomibombs. that'sy pla a clear, red line on iran's nuclear weapons program. [ applause ] re lin'tea to war. red lines prevent war. just look at nato's charter. it made ear that an attack on one membecountry would be considered an aack o all. nato red line heldo k the peace in europe for nearly half a century. president kennedy selt a red lineuring the cuban missile crisis. that red line also prevented war and helped preserve the peace for decas. in fact, it' tai t place red lines that's often invited aggression. if the western powers had drawn clear red lines during the 1930s, i believe they would have stopped nazi aggression and world waii might have be
economy needs to be reinvigorated. >> but not all the numbers paint a gloomy picture. the labor department announced it undercounted nearly 400,000 jobs in 2011 meaning that 4.4 million jobs have been created since the president's inauguration. slightly more than the number lost in that same period. but the president said there's still measuring work to do. >> we're not where we need to be. not yet. we've got a lot more folks who have to get back to work. we've got a lot more work to do to make the middle class secure again. but the question is, who's plan is better for you? >> an obama win in republican-leaning virginia could deal romney a crushing blow. the president won here four years ago becoming the first democrat to do so since lyndon johnson. but in the state the military vote is not the only game in town. football fans are everywhere. so it's no surprise a reporter asked romney about the deal to end the dispute between the nfl and its referees. a question romney appeared to fumble. >> what do you think about the nfl refs? >> i sure hope they do. >> well, the refs will be back and
, handful decisions are but we're going to have to face them spent fixing the economy sunday at 8 p.m. on c-span's q. and a. >> next a form on the 2012 elections focusing on demographics, the economy and a center for american progress report on how the presidential candidates can get the electoral votes they need to win. we wished as much of the hour and have even as we can until our live coverage at nine eastern. >> good afternoon, everyone. my name is daniella gibbs leger and i'm vice president for american values and newt gingrich are at the center for american progress. i want to thank you for joining us. for the past, rogue demographics, economics and voter registration, voter ideology in the 2012 election. and i want to wish you all paid happy voter registration day. i'm sure everyone in this room s registered to vote. this is being cohosted by two fantastic teams. if we are just a few weeks before the election and i know that may seem like a very short time but in politics it's a lifetime. we were interested in taking down into what is actually happening in the states. what trends we
at a military acted any many pennsylvania romney hammered away at the president over the economy. >> i have to tell you that i don't know how a single person who goes to this institution could consider voting for the incumbent for president. i say that for this reason. if they want to go in the military, why, he is planning on cutting our military by about $1 trillion over the next decade. if they want to go on to either get a job directly or go on to a four-year college and come out with a gee, you know that 50% of kids coming out of college today can't find a job or a college level job. on both fronts, this president's policies have not worked for the young people of america. >> their first debate happens on wednesday. the romney team is downplaying expectations. romney advisor beth myers distributes this memo explaining why the president is probably going to do better. she says that president obama is one of the most talented political communicateors in modern history. this will be his eighth one-on-one presidential debate and romney's first. the president will use his ample rhetorical g
down by ten percentage points, president obama ahead on the economy, 6 in 10 voters, nearly 6 in 10, that is, said mitt romney's policies would favor the rich and mitt romney doesn't care about people like them. president obama's driving that message, going after mitt romney's predictions that he'll be tough on china saying that if you look at romney's record at bain capital, all that talk is fake. >> when you hear this newfound outrage, when you see these ads, these running problems seem to get tough on china, it seems a lot like that fox saying we need more secure chicken coops. i mean, it's just not credible. >> and larry, you can hear the confidence in president obama's voice because not only in ohio is he ahead, but in all of the major swing states president obama's got a lead right now. mitt romney's got to find a way to turn that around, turn it around in the debates, and maybe the tax cut issue that you're talking about will be one tool in that arsenal. back to you, larry. >> many thanks to john harwood. now for some reason on the trail today, mitt romney said he's going to
even lose our country. >> ross perot, interviewed by "usa today"'s richard wol on the economy, the deficit and debt and how it's changed since he ran for president in 1992 and '96. find richard wolffe's article in today's edition of "usa today" and at usa today.com. raz perot tonight -- ross perot tonight on c-span at 9 eastern. >>> next, a look at the presidential campaign with libertarian party candidate gary johnson. the former republican governor of new mexico talks about his view of the two-party system and obstacles for third-party candidates. from "washington journal," this is 40 minutes. >> host: joining us now is gary johnson, the former governor of new mexico, a republican 1995-2003 who is now the libertarian presidential nominee, and gary johnson, first question. when you look at the major party candidates and this year's cycle, what's missing in the debate and the dialogue? and what do you wring to the table -- what do you bring to the table? >> guest: well, how about truth for starters. the notion that both obama and romney are arguing over who's going to spend mo
economy. you have to have a strong economy. >> president obama was rallying supporters in virginia beach. that was a couple minutes ago. he talked about creating opportunities for everybody. >> we don't believe anybody is entitled to sucssthis country. we don't believe government should help folks who aren't willing to try to help themselves. but we do believe in sothing called opportunity. we do believe in a country where hard work pays off, where responsibility is rewarded, where everyone gets a fair shot and everybody is doing their fair share and everybody plays by the same rules. we believe in america where no matter what you look ke, no matter who you are, no matter where you come from, no matter who you love, u n make it if y. [ cheers and applause ] that's the country i believe in. >>> jim acosta is covering the romney campaign. jim, one of the interesting things back in 2008 in covering president obama, you knew that there was a sense that he could possibly win when people started showing up in virginia. i mean that was really th turning pot. they thought perhaps we have this th
nation is more than $16 trillion in the red. that is a massive bubble that threatens our entire economy. how do the candidates handle this tomorrow night? let's ask chris stirewalt our fox news digital politics editor and host of power play on foxnews.com live, and stewart varney is the host of varney & company on the fox business network. thank you so much for being here. chris i want to start with you. what can either candidate say to grab, you know, america by the lapel and make them understand what each one of them wants to do to change our financial dire straits? >> it's a heck after lot easier for mitt romney on this one since he is the outsider and hasn't been in office and wasn't part of make thag debt and president obama has over seen in fact the unprecedented increase in size of the federal debt, and as a matter of fact in talking to senior people from romney land that is exactly what mitt romney means to do when he gets on that debate stage in denver, is go off the president not just on what romney says are ineffectual policies like the president's healthcare law and stimulus
us his assessment of the global economy. faber will have a live interview. >>> plus, inside the metropcs deal. was it the right call? and lifelock's first debut. the ceo is all on tap. >> announcer: today, fourth quarter investment strategies. quarter investment strategies. henry mo, not a migraine now. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >>> all right. welcome back to "squawk on the street." the opening bell is set to ring in a minute's time. big day sha
. the international economies are interlinked so this is a global crisis. >> the markets are corelated. experts say it's hard to judge the impact of one troubles on another. now americans wonder what deepening european malaise means for them. >> a grave concern for anyone who invested in the market. >> europe is important expert market in america. >> markets don't go to them. what immediately happens not just with the major employers but in the downstream, with small businesses. people get laid off, business orders go away. >> rescue plans and bail-out fund but europe has too much debt and the experts say there is it will to no way to make it disappear. as long as growth is stalled, the fix here remains illusive. the u.s. economy may be too weak to absurd the further shocks overseas and that's why the united states hope the leaders can steer their countries through us a centerty measures. and keep you were steady. bret? >> bret: amy kellogg in london. thank you. consumer spending rose half percentage point last month because gas prices were up 2%. that drove down the dow which lost 49. the s&p 500 fel
now. interviews he has given recently. >> i have been in the public eye economy and the need to get those problems straightened out. commanded the public attention issues? to judge that. what i can say is we need to describe what has happened and what is happening and what we need to do to get this under control, and right now, everybody is dancing around it and ducking as opposed to facing it, and if you have got cancer, the first thing you want to do is face it, right? we have got economic cancer at this point. we have got to fix it. >> that was the case in 1992 when you ran your first presidential campaign, and it was still the case when you ran your second in 1996. there was progress after that. a lot of people say that because of the campaigns you ran, we had surpluses and fought our way out of this, and now, it is worse than it was 20 years ago. >> exactly. >> how did we lose our way, compared to the late 1990's, when we fought our way out of this debt, to where we have gone from $4 trillion in debt when you were running to at $16 trillion? >> i am glad you mentioned that numb
obama. >> reporter: romney has been trying to make the case he'll do a better job with the economy but in all three states the polls shows president obama leading on that issue. >> the path i offer is harder but it leads to a better place. i'm asking you to choose that future. >> reporter: romney does lead in one category, voters in those same states say he would do a better job on the deficit. and both candidates will be appearing in the cleveland and toledo area today and romney will also be making a stop near columbus. >> it's on. thanks. two powerful bombs exploded in the syrian capital of damascus this morning. the explosion detonated minutes apart followed by gunfire. the attack was blamed on terrorists. damascus has been rocked by a series of bombings in recent months as the uprising against president bashir al assad escalates. >> egypt's president is scheduled to address the u.n. general assembly. his remarks will be closely watched for signs of what direction egypt's new government may go. on tuesday president obama addressed the general assembly. he urged world leaders to
months. the nasdaq is up nearly 18% for the year now. more signs of weakness in the global economy. new data overnight from china show its factory sector slowed last month, and a report from hsbc says new export orders declined last month with the sharpest rate in 3 1/2 years. soledad, china has fashioned itself into the factory for the world. when china's manufacturing slows, everyone worries. >> all right, christine, thank you for the upset. >>> it's what everybody's talking about this morning, arnold schwarzenegger says that his life were a movie, nobody would believe it. from body builder to movie star to governor of california, his new book is called "total recall." it's out today and it details his entire life, including the now infamous affair with his house keeper that led to the breakup of his marriage with maria shriver. schwarzenegger talked about that affair in an interview with "60 minutes." >> i think it was the stupidest thing i've done in the whole relationship. it was terrible. i inflicted tremendous pain on maria and unbelievable pain on the kids. >> margita thompson w
in the american economy. if we did get a decision on the grand bargain that the ten year time frame of how we would manage the cuts and spending and tax increases and investments, because we need to do all three. we need the tax, we need to cut and invest in the sources of our strength. i think that would just have a huge -- americans feel like children are permanently divorcing parents, and i think it is like a poll on the country in a lot of ways. so second, if we had a grand bargain on energy, how to exploit the bounty of natural gas in particular in the environmentally safe and sustainable way on the national basis i think those two things together would have a huge impact. so the question is how close are we to that? and i was saying about the middle east but it may apply to american politics is all important politics happens the morning after the morning after. so, i think -- hearing talking about the election. i don't know how the election is going to come up and make no predictions but i do ask myself if romney gets smashed i don't think the political problem is we have a center left
of stocks in the firmament. the economy is so darn lousy, we don't have much longer -- at the same time the fed wants interest rates down so the economy can hopefully catch fire. we all know from the boss, bruce springsteen, you can't start a fire without a spark. unfortunately, those low rates mean you can't earn squat on bonds either. like it or not, you need to own stocks that can give you a decent return. the unemployed have a hard time saving, no kidding, the fact is that 90 million american households save with stocks in one form or another. it makes a ton of sense when you think about it. how do we get sustainable higher stock prices? let me give you my eight-point plan. point number one, we have to eliminate the tax on dividends entirely. if they're tax-free, people will buy them. i trust the balance sheets of corporate america far more than i trust the government's balance sheet. this is hardly a reckless position and would encourage companies to reward shareholders by issuing and raising dividends. i would actually raise the tax on capital gains. why? you get gains when you se
to point out the things that president obama has said that, if the economy doesn't get better, if jobs don't get better, he doesn't deserve a second term. we still have those issues in ohio and pennsylvania, where although ohio has improved some of its unemployment, we still have concerns about manufacturing, about steel, about health care issues, about energy, which are grave concerns in both of those states. and they have to be addressed by both candidates. >> right. and this memo, by beth myers, senior adviser, highlights some of that which you just said. but she says things like, he's a universally acclaimed public speaker, he has substantial debate experience, he's a uniquely gifted speaker. all speaking about president obama. the memo goes on to say that he's been in eight presidential debates compared to -- which i guess would be five with hillary clinton and three with -- with john mccain. but this, of course, would be the very first debate for -- for governor romney. the cynic in me says this memo is really all about lowering expectations. because if you can lower expectations, wh
with a total cost to the economy of $1.70 trillion. it is $250,000 a year in additional tax cuts for those same 120,000 families and anybody making more than $1 million. >> all these promises were made on the idea of hope and change and it sounded pretty good to people. but when the rhetoric went aside and the time to act occurred, the ideas are the old idea that a failed time and again. borrowing and spending and regulating and taxing and printing money, all these things do not lead to prosperity and. all these policies say take power from people, many from families and a successful small businesses and job creators, ascended to washington and then they decide. that does not work. host: that's a taste of the vice-presidential nominees over the weekend. they will go head-to-head on october 11 in their only official the bait. let's stick to your calls. will the vice-presidential candidates impact your vote? in harvey, louisiana, our first caller. caller: good morning. obama and biden are cutting the military and they don't even say much about it on the news. things will be cut, especially in the
to fix washington so that it is a place that is about results. we've got to grow the economy. we talked about some strategies today. i've got a plan that encourage you to check out on the website. it's basically about infrastructure investment. the kind of small business to level the playing field we did. we've got to find common ground and fix the budget. congress is stopping progress right there. there's too much division in congress and that's why s&p and moody's is basically saying we've got to put some people in there who are willing to compromise. the challenge that is on the table before us right now is this issue of sequester. i've laid out a pretty simple straightforward plan, but the bush tax cuts expire as planned over 500,000, fix medicare, take away unnecessary subsidies. then you get a $100 billion annual cut down to a $23 billion in savings that i know we can find. it's time for specifics. it's time for action but it's time for working together. allen: thank you for this opportunity have this debate here today. tim, you can't talking about that plan. we still that mohamme
of president obama and the economy. if you can't get it right, it's time to get out. >> reporter: the republican ticket is hoping their bus tour will make up lost ground in ohio as polls hoe mitt romney trailing president obama in this pivotal swing state. in dayton tuesday romney hammered mr. obama on tacks. >> i admit this one thing he did not do in his first four years, he has said he is going to do in the next four years which is to raise taxes, and is there anybody that thinks that raising taxes will help grow the economy? >> reporter: an attack over tacks is actually a change for romney, who is often accused the president of raising taxes in his first term. romney is looking to jump-start his campaign with a good performance in the first debate one week from today. the man who plays mr. obama in romney's mock debate sessions, though, tried to lower expectations playing up the president's experience. >> he has been through a lot of those one-on-one debates with a republican. mitt has not, and you think about it, he hasn't had a real debate in ten years because these republic
the chinese economy can absorb all the steel they dump worldwide. i find that highly unlikely. but that doesn't mean we shouldn't be buying the ingredients of steel which the chinese don't have. think iron, i like vale, think vle. secondarily they need copper. that's fcx. how about machinery? although it is a second derivative, meaning it won't happen immediately, they will need engines and trucks and earth movers. cat said negative things but those are the only two worth going with and those companies won't see a bump in time to save their quarters which is actually what matters. you can include general electric in machinery, and today the ceo said china is going to be a huge driver for earnings, that led us to increase our position for ge. people want to buy joy global, i don't know. finally there will be a step up in oil demand, and that scenario i think is very investable. the chinese will need to import and when they do that, you will want to own not any of the major oils or independents. you need international drillers and service companies. they make the actual rigs in deep water drill
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